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Stabbed Jahwa chairman still working
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XIE Wenjian, chairman and general manager of state-backed personal care and cosmetics company Shanghai Jahwa United, was stabbed in front of the company’s office building last week, latest news reports revealed.
Jahwa said it has reported the case to the police and the authorities are looking into the matter, a Jahwa spokesperson was quoted by Caijing magazine yesterday.
Jahwa added that Xie, who was stabbed by an unidentified man on Friday evening, was not seriously hurt and is still working.
Xie was elected chairman of Jahwa in November 2013 after former Chairman and General Manager Ge Wenyao, a Jahwa veteran who worked at the cosmetics firm for nearly 30 years, was removed in June 2013 before the expiry of his term at the end of 2015.
Ge was removed as chairman of Shanghai Jahwa Group, the parent of Jahwa United, after he was accused of misusing the company’s funds when Jahwa was arranging benefits for its employees to attract and retain professionals at the company.
Xie’s appointment led to a long-standing boardroom conflict between the management team and Jahwa’s major shareholder, Shanghai Pingpu Investment, over Jahwa’s plan to expand into fashion.
In November 2011, Shanghai Pingpu Investment, a subsidiary of Ping An Insurance (Group), acquired Jahwa Group, which owns 26.78 percent of Jahwa United.
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